Category: Gold News

Gold falls after rising by weak US data

Gold price fell on Wednesday to lose momentum due to profit taking after rising in the previous session thanks to US data weakened the possibility of raising interest rates soon. And slowed the US service sector activity to its lowest level in six and a half years in August amid sharp declines in production supply […]

How China and Greece have contributed to the decline in gold prices?

How China and Greece have contributed to the decline in gold prices?

Gold prices fell by 2.2% or by $ 25.10 and closed the Monday session at $ 1106.80 an ounce, the lowest close in five years, amid expectations by some analysts the closure of the precious metal below $ 1,000 by the end of this year, revealed a report published by “The Independent” for The reasons […]

Gold rises amid mounting fears of Greece crisis

Gold rises amid mounting fears of Greece crisis

Gold prices rose during trading on Monday, along with other safe-haven assets after the failure of the talks on the rescue plan between Greece and international creditors over the weekend, which Athens pay to stand on the edge and the probability of occurrence of disability and thus exit from the euro zone. On the Comex […]

New global system for trading gold prices

New Global System For Trading Gold Prices

Begins on Friday, March 20th a new global system to determine the price of gold, ending the era of continued system nearly 100 years it was confined to determine the price of gold on the four players only. And since 1919 has been to determine the price of gold through the trading sessions per day […]

Suitable buying opportunity

Dubai Gold Rate Suitable Buying Opportunity

Gold prices hit, yesterday evening, declines ranged from $ 5.52 and 6.75 dirhams per gram of different carats, compared to prices late last week, according to published rates in Dubai and Sharjah. The officials said the shops for the sale of gold jewelery, the market has seen an improvement in sales, especially goldsmiths, influenced by […]

Gold is heading for the lowest price in 6 weeks

Gold Price decline towards its lowest level in six weeks on Wednesday after losing 1.8 percent the previous day amid hopes in Greece reached an agreement with creditors, which supports the assets with the highest risk, such as stocks. The market is also waiting for the Open Market Committee Federal Reserve Meeting Minutes (US central […]

Gold rises more than 1%, exceeding $ 1,300

Gold rose more than one percent on Monday, with the acceleration of the rally after the break through resistance at slightly less than $ 1,300 an ounce ( oz ) and in light of the escalation of tensions in Ukraine and the weak dollar . Gold climbed in the spot market and one percent to […]

Gold Prices May Fall to 4-Year Low This Year: Report

Gold Prices May Fall to 4-Year Low This Year: Report

Gold prices have probably peaked this year and could sink to their lowest since 2010 at $1,100 an ounce as the US economic recovery gathers pace, consultancy Metals Focus said on Wednesday. Weakness is likely to set in after an impressive start to the year, it said, when gold rallied to six-month highs. But a […]

Gold prices fall for a second day under pressure from the Fed's remarks

Gold prices fall for a second day under pressure from the Fed’s remarks

Gold prices fell for a second day in a row, trading near the lowest level in almost a week after the Fed’s decision yesterday toward reducing the quantitative easing policies , while still experiencing the gold markets continued exodus of investors. Gold prices fell in early transactions to $ 1,282.92 an ounce after opened today […]